Friday, January 28, 2011

Report: Mubarak announces he is dismissing the government

by Bill McBride on 1/28/2011 05:45:00 PM

From Al Jazeera English Mubarak announces he is dismissing the government

Update: From the NY Times: Mubarak Orders Ministers to Resign but Backs Armed Response to Egypt Protests

Bank Failure #8 in 2011: First State Bank, Camargo, Oklahoma

As of September 30, 2010, The First State Bank had approximately $43.5 million in total assets and $40.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20.1 million. ... The First State Bank is the eighth FDIC-insured institution to fail in the nation this year, and the first in Oklahoma.
Billions vanishing
Innumerable losses
When will perp walks start?

by Soylent Green is People


Update: Bank Failure #9 in 2011: Evergreen State Bank, Stoughton, Wisconsin
As of September 30, 2010, Evergreen State Bank had approximately $246.5 million in total assets and $195.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.8 million. ... Evergreen State Bank is the ninth FDIC-insured institution to fail in the nation this year, and the first in Wisconsin.
Shoots crisp to stubble
Evergreen's gone never green
Roots dead from red ink

by Soylent Green is People